already seeing DAO delegates talking about quitting their roles
what a shame…will just make DAOs more apt to be taken over by bad elements
— _gabrielShapir0 (@lex_node) September 23, 2022
The CFTC’s bZx enforcement action may be the most egregious example of regulation by enforcement in the history of crypto. We’ve complained at length about the SEC abusing this tactic, but the CFTC has put them to shame. Read Comm’r Mersinger’s dissent:
— Jake Chervinsky (@jchervinsky) September 22, 2022
The CFTC has gone after them saying the protocol itself was a futures violation and that the DAO governance didn’t matter, it was still an unincorporated entity.
This is BAD. pic.twitter.com/FieeeviNFW
— Adam Cochran (adamscochran.eth) (@adamscochran) September 22, 2022